Last post on Nov 29, 2013 at 9:22 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
BMW 7 Series, Car Leasing, Sedan
Nov 06, 2009 (3:58 am)
You're welcome zoran. According to my calculations, if you were to lease a 2009 BMW 750i that has an MSRP of $89,880 and a selling price of $84,320 through BMW Financial Services right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $1,283.
BMW is currently providing a $6,000 cash incentive on leases of this car.
Prices Paid: Buying & Leasing Experiences Forum
#337 of 653 Re: Help! [Car_man]
Nov 06, 2009 (6:35 am)
On the 2009, what do you think is a good diiscount off MSRP? Seems like the dealers in NJ have a lot of them in stock.
#338 of 653 Re: Help! [Car_man]
Nov 07, 2009 (1:48 pm)
I believe you can get that car for around 83,500
#339 of 653 Re: Help! [gryan]
Nov 07, 2009 (6:01 pm)
thanks indeed! I believe you are referring to a 2010 $89K car 750i that I configured for $83.5K, is it 500 over invoice?
More so any idea on 09 750is if BMW cash back or trunk money is gone up from 6k to 10K????
#340 of 653 Re: Help! [zoran]
Nov 07, 2009 (6:39 pm)
the 2009 should be around 83500 or less, i was looking at one too. this is before the 6000 cash back on a lease
#341 of 653 Lease Buy Out - to do or not to do
Nov 15, 2009 (4:07 am)
I am trying to decide whether to do a lease buy out on a 2007 750li, or lease a 2009. It is in excellent and almost pristeen condition and has 27,000 miles on it. the residual is $52,014. No repairs have been needed, just regular oil changes. This car has options that I like, and significantly, the back seat seems to have more room than the 2009.
Without seeing the car one dealer said BMW would want to bring the car up to BMW specs to certify it which may require tries, brakes, etc. and wiith the additional 2yrs or 50K miles on my current warranty and offered to sell it to me for the residual with financing at .9% for 36 months, $1585. month with zero down.
In looking at the lease agreement on this car, I see there was no "capitalized cost reduction" and that the "gross capitalized cost" was 86,112. The payments have been $1362./month for 36 months. Is the residual written in stone, or can I negotiate a better price? What would be reasonable given the amount that has already paid, or is that not a consideration?
I am new to this experience and could use some advice. The only reason I would want to lease a 2009, is if its much more prudent financially in the long run.
#342 of 653 Re: Lease Buy Out - to do or not to do [adefina]
Nov 15, 2009 (7:01 am)
I just leased the 2009 Li and I love it.
BMW gave $6000 in rebate to be uused as cap reduction.
The dealers are selling them at cost.
I used Multiple securites to get money factor down but it is already low at .00090, this is equal to 2.25%
Unless you plan on keeping the 2007 for more than a few more years I would say lease a new one. I would think payment should be in the $1100-$1200 range for 3 year lease
#343 of 653 Negotiating lease on 2009 with incentives
Dec 03, 2009 (6:46 am)
I am looking at leasing a 2009 750Li for 36 months/12,000 miles per year.
The MSRP of the car is 99,070. With incentives of 6000 plus dealer incentive of 3500, the quoted monthly lease payment including tax would be approximately $1400 with 2200 down which includes dealer and tag fees, plus first month's payment. According to Edmund's calculations, invoice would be $91,155 for this vehicle which includes a sports package. Local dealers have several 2009s remaining in this seemingly not popular color combination. We currently lease a 750Li. How do we determine if it is feasible to negotiate a better monthly lease payment? Thanks.
#344 of 653 Re: Negotiating lease on 2009 with incentives [adefina]
Dec 03, 2009 (8:09 am)
The dealer should be selling the car at around $7000 off not $3500. The $6000 is from BMW and does not hurt the dealer. According to you/Edmunds, the Dealer paid 91,155 and wants to sell at 95,500. He should be selling at invoice just to move it off the lot so he can sell more 2010's. Ask him what he is using for cap cost? and what is the money factor. What state do you live in??
#345 of 653 Re: Negotiating lease on 2009 with incentives [gryan]
Dec 03, 2009 (9:32 am)
Many thanks for your input. The money factor is .0013, but I don't know what he is using for cap cost. --We live in the state of Florida.